Tri-Cities Home Sales Trends Snapshot

By DON FENLEY

The Tri-Cities housing market is stable and broad-based, led by affordable and move-up segments.

The market continues to be anchored by mid-priced homes, with nearly half of all recent sales occurring in the $160,000–$299,999 range. This price band remains the market’s core, reflecting where affordability, financing access, and buyer demand most consistently intersect.

Move-up housing is also playing an increasingly important role. Homes priced between $300,000 and $499,999 accounted for one-third of all sales, underscoring steady demand from repeat buyers and households trading equity for space, amenities, or location. Together, these two mid-market tiers represent almost four out of every five sales, signaling a market that is still fundamentally driven by practical purchasing power rather than speculative activity.

At the lower end, sales below $160,000 made up just 13% of transactions, highlighting the ongoing scarcity of entry-level inventory and continued affordability pressure for first-time buyers.

Meanwhile, the upper end of the market remains active but selective: homes priced at $500,000 and above captured 9% of sales, a modest yet meaningful share that reflects both growing household wealth and in-migration without overwhelming overall market balance.


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Categories: REAL ESTATE

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